Lakeview Housing Authority Inc

Analysis

Lakeview Housing Authority Inc is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in December 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeview Housing Authority Inc reported income of $397k and spending of $407k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $355k to $397k (+12%), an average of +2.9% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lakeview Housing Authority Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include NBC Bethel USA Housing Inc Thirty- Two Bethel Towers ($397k), South Daytona Beach Good Samaritan Housing Inc ($397k) and Lulac Haven Incorporated ($397k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $25k (6.0% of expenses). Other salaries and wages came to $80k. At year end it held assets of $809k against liabilities of $928k, net assets of -$120k. It reported 4 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.